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Federal Home Loan Banks: Information on Governance Changes, Board Diversity, and Community Lending
Federal Home Loan Banks: Information on Governance Changes, Board Diversity, and Community Lending
 

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By Daniel Garcia-Diaz (au)
Year: 2015
Pages: 69
Binding Paperback
ISBN 978-1-4578-6921-1

Product Code: 1457869217

Description
 
In 2014, the Federal Home Loan Bank (FHLBank) System had over 7,300 member institutions and approx. $570 billion of loans (advances) outstanding. Consisting of 12 regionally based banks cooperatively owned by member institutions, its mission is to support housing finance and community lending. In 2014, each FHLBank had a board of 14 to 19 directors that includes elected directors from member institutions and independent directors from outside the system, including at least 2 with consumer or community interests. This report discusses (1) the governance changes and their implementation; (2) FHLBank boardsäó» diversity; (3) FHLBank and Federal Housing Finance Agency (FHFA) efforts to improve diversity; and (4) community lending programs and boardsäó» oversight of them. Tables and figures. This is a print on demand report.

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